Es gibt 4 Möglichkeiten zur Entschuldung:
Schuldenerlass, Deflationary deleveraging, Inflation/Gelddrucken, Produktivitätssteigerung: Productive Output Boom (diesmal wohl eher nicht).
Der IMF schläft auch noch Enteignung/financial repression (tax on bondholders and savers via negative or below- market real interest rates) vor:
The Liquidation of Government Debt
Carmen M. Reinhart and M. Belen Sbrancia
IMF Working Paper
Research DepartmentHigh public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or below- market real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.